International Private Wealth Advisors LLC Takes Position in Duke Energy Co. (NYSE:DUK)

International Private Wealth Advisors LLC bought a new stake in Duke Energy Co. (NYSE:DUK) in the 4th quarter, Holdings Channel.com reports. The firm bought 2,739 shares of the utilities provider’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DUK. PBMares Wealth Management LLC grew its stake in Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after purchasing an additional 86 shares during the period. Castleview Partners LLC boosted its holdings in shares of Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after buying an additional 90 shares in the last quarter. Kanawha Capital Management LLC grew its position in shares of Duke Energy by 1.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after buying an additional 92 shares during the period. Baron Wealth Management LLC lifted its position in shares of Duke Energy by 3.5% during the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 92 shares during the period. Finally, Chicago Capital LLC grew its holdings in Duke Energy by 0.9% in the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after purchasing an additional 93 shares during the period. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Morgan Stanley reduced their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Scotiabank boosted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $122.08.

Duke Energy Stock Up 0.4 %

Duke Energy stock opened at $115.50 on Tuesday. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The firm’s 50-day simple moving average is $109.73 and its 200 day simple moving average is $112.79. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The stock has a market cap of $89.22 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be issued a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.62%. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.